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Free Grid EA Ikarus - From zero to hero

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  • #381
  • Edited Apr 17, 2021 6:14am Apr 16, 2021 10:06am | Edited Apr 17, 2021 6:14am
Quoting srt56
{quote} what about that sentence? {quote} also &now you intend many indicators fo you ea ... ?
True. The settings for the EA should include an option for the timeframes of the indicators.

Inserted Code
enum tf
  {
   af=0,     // current
   bf=1,     // 1 minute
   cf=2,     // 5 minutes
   df=3,     // 15 minutes
   ef=4,     // 30 minutes
   ff=5,     // 1 hour
   gf=6,     // 4 hours
   hf=7,     // 1 day
  };

Inserted Code
input tf       IndicatorTimeframe=af;  // Timeframe of the indicators (0-current)

Edit: or of course much simpler ;-)
input ENUM_TIMEFRAMES TimeFrame=0;
  • #382
  • Apr 16, 2021 3:48pm Apr 16, 2021 3:48pm
Quoting TeChaoLiang
{quote} Then, what about RSI? The reason why I prepare Conjunct_Idx is one can use those indicators together and also can use them separately, that is, when one of them give signal will trigger the operation. However, It seems to me that you are going to use BB and Stochastic together.
I got your point, this setting will give us an "or" option, I like!

And yes, currently I am using stoch, but I do have also settings with RSI...
Green pips 2 all of us!
  • #383
  • Apr 16, 2021 3:52pm Apr 16, 2021 3:52pm
Quoting ursinho4711
{quote} True. The settings for the EA should include an option for the timeframes of the indicators. enum tf { af=0, // current bf=1, // 1 minute cf=2, // 5 minutes df=3, // 15 minutes ef=4, // 30 minutes ff=5, // 1 hour gf=6, // 4 hours hf=7, // 1 day }; input tf IndicatorTimeframe=af; // Timeframe of the indicators (0-current)
For ATR a clear yes, but for all? I do not want to create a monster with 100 settings thought it would be interesting to have those options...
Green pips 2 all of us!
  • #384
  • Edited 4:45pm Apr 16, 2021 4:19pm | Edited 4:45pm
Hi, MaPi,

To my understanding, I confirm what your requirements are in other words.

The indicator condition is only opening the first order, the following orders of the cycle will be handled by pure grid logic.

You are going to use indicator condition to initiate all buy and sell cycles. Not just to initiate the first buy or sell cycle.

For BB I would love to have to options:
1) {C}High/Low: This means a candle must touch the BB or trade outside of the BB. The opening of the first order can be within the bands (e.g. because stochastic is not > 70 when price touch BB, price comes back into the Band and Stochastic becomes on the same candle >70)
2) {C}Bid/Ask: Here the cycle will only be opened when execution is on our outside BB. For sells bid must be >= UpperBand, for buys ask must be <= LowerBand

1) {C}High/Low: As High > BB Upper Band and Stochastic > 70, initiate a sell cycle. As Low < BB Lower Band and Stochastic < 30, Initiate a buy cycle.
2) {C}Bid/Ask: As Bid >= BB Upper Band, initiate a sell cycle. As Ask <= BB Lower Band, initiate a buy cycle.
Option High/Low will use BB and Stochastic together and could initiate a cycle within BB.
Option Bid/Ask takes only BB into consideration and no mention of Stochastic. It only initiate a cycle outside BB.

Invert Indicators would mean with those settings, a cycle will be opend when price is within 3 Dev of BB and with 30 / 70 of stochastic.

Does it mean (As Bid within BB and Stochastic > 70, initiate a sell cycle. As Ask within BB and Stochastic < 30, initiate a buy cycle.)?
It seems to me that only Stochastic is used and Ask isn't larger than BB Upper Band as well as Bid isn't smaller than BB Lower Band. An invert option of Option Bid/Ask?
  • #385
  • Apr 16, 2021 4:34pm Apr 16, 2021 4:34pm
try to move your mind with renko, as above of filter for flat ..
&fly higher with your thoughts
  • #386
  • Apr 16, 2021 8:40pm Apr 16, 2021 8:40pm
Quoting T4Trade
{quote} hello Big EMM, nice to see you here,i wnat to add to profitable trades,what settigns do i use ?
Hi T4Trade

You know the risks and dangers of conventional Grid trading.
But do you know the "un-conventional" way to trade with price grids where you can average-UP and average-Down? Ikarus 2.0 does 'half' the job for you. You do the other 'HALF' manually.

Below is GBPUSD testing with Ikarus 2.0 from Apr01 to16( two weeks)... Using the default setting by MaPi in Post#1.
It works best when Weekly is sideways ranging within its 52-week average trading range. You make money trading both-ways if you optimize the grid size and grid progression optimum plus the lot size + multiplier.

But watch in the follow weeks when the market breaks away from the sideways market type conditions, that is when you have to know when to cut the buys or cut the sells. Watch the button turn to yellow.

Is there a simple way to decide when to buy or sell cut-losses?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Weekly Ikarus 2.0.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #387
  • Apr 16, 2021 8:46pm Apr 16, 2021 8:46pm
Quoting TeChaoLiang
Hi, MaPi, To my understanding, I confirm what your requirements are in other words. The indicator condition is only opening the first order, the following orders of the cycle will be handled by pure grid logic. You are going to use indicator condition to initiate all buy and sell cycles. Not just to initiate the first buy or sell cycle. For BB I would love to have to options: 1) {C}High/Low: This means a candle must touch the BB or trade outside of the BB. The opening of the first order can be within the bands (e.g. because stochastic is not > 70...
Hi TeChaoLiang



You are doing a great job with your contributions here.

You remind me of a member in the Blessing development team more than a decade ago.

Kind regards,

Emm
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #388
  • Apr 16, 2021 8:58pm Apr 16, 2021 8:58pm
Quoting T4Trade
{quote} hello Big EMM, nice to see you here,i wnat to add to profitable trades,what settigns do i use ?

hi T4Trade

here another example with Ikarus 2.0 Weekly chart,

again good profits when market type is sideways and within its 52-weeks average trading range. Watch the market type change in the coming weeks and be prepared to cut some losses. When you reach the maximum default 6 open positions, buttons change colour.

GBPCAD Weekly

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Ikarus 2.0 Weekly 17-4-2021 9-55-46 am.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #389
  • Apr 17, 2021 2:57am Apr 17, 2021 2:57am
Quoting MaPi
{quote} For ATR a clear yes, but for all? I do not want to create a monster with 100 settings thought it would be interesting to have those options...
Just one field in the options. I don't believe you want to use multiple indicators. Or if, then they should be in the same timeframe.
The reason to use fixed time frames would be also, that you can switch between different views without restarting the indicators. They will just stay with the specified timeframe, no matter which view you use for the EA.
  • #390
  • Apr 17, 2021 3:39am Apr 17, 2021 3:39am
Quoting emmanuel7788
{quote} hi T4Trade here another example with Ikarus 2.0 Weekly chart, again good profits when market type is sideways and within its 52-weeks average trading range. Watch the market type change in the coming weeks and be prepared to cut some losses. When you reach the maximum default 6 open positions, buttons change colour. GBPCAD Weekly {image}
in this EA,if tp is not met after 6 trades,then we need to cut losses right?
sir how do we check the PA is within its 52-weeks average trading range? thanks.i ahve one indicator that shows 52 weeks high low,would u please explain how to use it effectively? thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-04-17_10h35_33.png Size: 35 KB
  • #391
  • Apr 17, 2021 9:18am Apr 17, 2021 9:18am
Could you guys explain to me what is this unbalance_control function?

Also, I was thinking of ways to make a grid strategy profitable on the long run. Basically, my idea is that, at any time on the market, you have two sort of random variables that are crucial with this type of system:

  1. The time it takes to double your capital (D)
  2. The time it takes to blow your account (B)

Basically, as long as E(D) << E(B), you can cash-out regularly and stay profitable. Here, I feel like this system is a regular grid strategy (I might be wrong, can someone indicate what are the specificities here?). To make this EA "survive" longer, especially in case of extreme trending, I thought of combining it with a Zone Recovery system?

The way it would work is by detecting whether the market is currently trending or ranging : if it is ranging, use a grid strategy, else if it is trending, use the zone recovery system (so if the grid system is currently trading, take all its positions on a given instrument and consider it as one whole averaged position to deal with zone recovery as the price goes way up or way down). What are you guys thoughts?

I honestly think that a regular cash-out strategy, with a high-risk grid system that basically doubles your account quite fast, is the way to go. Would love some feedback on this, has anyone used this EA live still? Cheers!

  • #392
  • Apr 17, 2021 10:06am Apr 17, 2021 10:06am
Quoting ursinho4711
{quote} Use the script, it should do it. It prints "Outside" or "Within" for the current candle of the selected timeframe over the number of selected candles. Default Weekly over 52 weeks. Any comments appreciated. #######EDIT####### It's printed out in the "Experts"-tab of the terminal. Be free to make an indicator that prints it on the chart ;-) {file}
its not working on expert or script or indcator tab.

i used average candle indcator and it shows these values and i have noticed that present market situation fulfils 20 days range.
Attached Image
  • #393
  • Apr 17, 2021 10:09am Apr 17, 2021 10:09am
Quoting T4Trade
{quote} its not working on expert or script or indcator tab. i used average candle indcator and it shows these values and i have noticed that present market situation fulfils 20 days range. {image}
Anyway it's smoother to use iATR(NULL,TimeFrame,NoBars,1)...

Attached Image
  • #394
  • Apr 17, 2021 4:42pm Apr 17, 2021 4:42pm
Also @MaPi, may I ask you once again what are your current settings for your EA?
  • #395
  • Edited Apr 18, 2021 5:42am Apr 17, 2021 5:59pm | Edited Apr 18, 2021 5:42am
Quoting marengo10021
Could you guys explain to me what is this unbalance_control function?!
The unbalance_control when it is checked, the EA will set the initial lots of a new cycle according to the number of orders of the opposite unfinished cycle. As number of orders in the opposite cycle is larger than 3, it will take the lots of last three order of opposite cycle to be the initial lots of the new cycle. (Although, I think using the lots of the last three opposite order is not enough to control unbalance)

Quoting marengo10021
Also, I was thinking of ways to make a grid strategy profitable on the long run. Basically, my idea is that, at any time on the market, you have two sort of random variables that are crucial with this type of system: The time it takes to double your capital (D) The time it takes to blow your account (B) Basically, as long as E(D) << E(B), you can cash-out regularly and stay profitable.
Good idea. Those two random variables seem a function of time with the range of profit, Can you define them formally?

Quote
Here, I feel like this system is a regular grid strategy (I might be wrong, can someone indicate what are the specificities here?).

No, it is not a regular grid strategy. I prefer to call its strategy a semi-grid strategy. There are two kinds of grid trading strategy, With-the-trend and Against-the-trend, the former takes advantages of trend, the later takes advantages of ranging. Regular grid strategy will put pending orders at the price of grid lines in advance. Instead of putting pending orders, this EA (Ikarus) beginning with a minimum lots of hedging orders and then send market orders when grid condition is triggered. Anyway, it stills a kind of Against-the-trend strategy. (To make the EA more profitable, perhaps we should initiate with a very small lots, 0.01 for example, and the second order should be with larger lots, 0.1 for example, to begin the regular grid trading process. But unfortunately, it has no such settings for us to set the lots of 1st and 2nd orders separately.)
Owing to the fact that its strategy is a kind of Against-the-trend, it hates mono trend situations. When the market goes in a monotonic trend, the EA will cause you loss a lot of money, even, will definitely blow your account away if you set a larger initial lots.

Quote
To make this EA "survive" longer, especially in case of extreme trending, I thought of combining it with a Zone Recovery system? The way it would work is by detecting whether the market is currently trending or ranging : if it is ranging, use a grid strategy, else if it is trending, use the zone recovery system (so if the grid system is currently trading, take all its positions on a given instrument and consider it as one whole averaged position to deal with zone recovery as the price goes way up or way down). What are you guys...

Good idea, but switching grid trading to zone recovery trading is not easy and switching it back to Grid trading is much more difficult. That will be much more easy to switch an Against-the-trend to a With-the-trend grid trading. Knowing that you just need changing the buy order to sell order and vice versa when triggered from a Against-the-trend Grid trading, the grid trading strategy will become to a With-the-trend. The purpose of zone recovery trading is to recover the loss when we have a wrong judgement of the trend. Zone recovery hates ranging. Trending with zone recovery is OK but ranging. If we already know the market is in trending not ranging, we don't need zone recovery.

The question is, when should we switch grid trading to With-the-trend and when should we switch it back? We need an indicator to detect trending or ranging. Any suggestion of such indicator?
  • #396
  • Edited 10:45pm Apr 17, 2021 9:28pm | Edited 10:45pm
Quoting TeChaoLiang
{quote} The unbalance_control when it is checked, the EA will set the initial lots of a new cycle according to the number of orders of the opposite unfinished cycle. As number of orders in the opposite cycle is larger than 3, it will take the lots of last three order of opposite cycle to be the initial lots of the new cycle. (Although, I think using the lots of the last three opposite order is not enough to control unbalance) {quote} Good idea. Those two random variables seem a function of time with the range of profit, Can you define them formally?...
Trending or ranging is a market condtion no-one can predict easily. I can give you an idea of an indicator after analysing a probability study. If you generate data sets for Excel analysis for last one year for TF 1m on the duration of breakout (defined by xx pip size and xx minutes and xx consecutive bars) and range trading (defined by xx pip size xx minutes xx occurences at xx % of ADR ). If you can code the indicator that can sum the results by way of comments and bar size in sub-window as well as produce an Excel spreadsheet that would be excellent.
Practice makes a person perfect
  • #397
  • Edited 4:42am Apr 18, 2021 4:29am | Edited 4:42am
Quoting TeChaoLiang
Good idea. Those two random variables seem a function of time with the range of profit, Can you define them formally?
We could estimate those two delays with extensive backtesting with varying EA parameters I guess. For example, we can fix an initial capital (e.g. $1,000) and follow this protocol:

  1. For each day in the past, get the amount of time it takes to get to $2,000, and let the test run through until the account blows up as well. In case of blowing-up happening before recovery, we can note this time-to-blow-up value, then run the backtest again from after the blow-up to estimate some sort of "time it would have took to recovery if blowing-up conditions did not occur".
  2. You then have a list of T(blow-up) and T(double-up) for each day, which you can infer statistics on. The idea is that, if you have settings such that E(time to blow-up) >> E(time to recovery), you can certainly survive with profits on the market.
  3. Also, these random variables heavily rely on market conditions, see attached screenshot of EURUSD from Jan 2020 to now. The early 2020 crisis was a very special market condition of massive up then down trend where every agains-the-trend strategy would have failed.


Quoting TeChaoLiang
The question is, when should we switch grid trading to With-the-trend and when should we switch it back? We need an indicator to detect trending or ranging. Any suggestion of such indicator?
This is where it gets hard. In my opinion, we should not rely on superstitious indicators and weird astrological stuff to get there. Instead, let's consider two basic indicators: volume and simple MA. My guess is that, when the market is ranging, the price tends to revolve around its SMA and this SMA remains "flat" (we can determine the derivative of the SMA for example, if it stays around an interval centered around 0, then it's mostly flat). When the market starts to trend, the price start deviating from its SMA, but to confirm the trend, we can have a look at the derivative (and maybe the second derivative as some sort of inertia indicator as well) of the SMA. Also, there is usually spikes in volume when it comes to trending phases. All in all, I think that a mix of volume analysis and SMA (with dSMA/dt and d2SMA/dt2) analysis can help us here. Let's keep in mind that there is no way of actually predicting these phases 100% of the time; but a slight edge on this can allow us to extend the EA's life enough so we can cash-out regularly and stay profitable.


Speaking of cashing out regularly, my guess is that @MaPi's method is definitely the right one: he combines cashing-out regularly to increase its profit and have as less cash exposed on risk as possible, but he doesn't cash-out the same amount each time and lets his account grow: this helps him have a more and more robust account in case of drawdown. So yeah, Fibonacci might be on our side with this one.

Also, external news are also to be considered. Back to the attached screenshot, the early-2020 situation was something we were aware of; we can manually disable the EA during these times maybe?

Final thought: if @MaPi is okay with this, maybe we can create some sort of Discord to make communication easier on this matter? What are you guys thoughts? I am actually convinced that such a system can work out in the long-term!

Cheers.
m10021
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2020.PNG Size: 49 KB
  • #398
  • Apr 18, 2021 5:02am Apr 18, 2021 5:02am
Quoting TeChaoLiang
Any suggestion of such indicator?
Thanks for your profound analysis!

Here is how the famous Blessing-EA is looking for trend up, down, ranging:

Inserted Code
    //+-----------------------------------------------------------------+
    //| Calculation of Trend Direction                                  |
    //+-----------------------------------------------------------------+
    int Trend;
    string ATrend;
    double ima_0=iMA(Symbol(),0,MAPeriod,0,MODE_EMA,PRICE_CLOSE,0);
    if(ForceMarketCond==3)
    {    if(BID>ima_0+MADistance)Trend=0;
        else if(ASK<ima_0-MADistance)Trend=1;
        else Trend=2;
    }
    else
    {    Trend=ForceMarketCond;
        if(Trend!=0&&BID>ima_0+MADistance)ATrend="U";
        if(Trend!=1&&ASK<ima_0-MADistance)ATrend="D";
        if(Trend!=2&&(BID<ima_0+MADistance&&ASK>ima_0-MADistance))ATrend="R";
    }


// Distance from MA to be treated as Ranging Market
extern double MADistance = 10;

// Market condition 0=uptrend 1=downtrend 2=range 3=off
extern int ForceMarketCond = 3;
  • #399
  • Apr 19, 2021 2:42am Apr 19, 2021 2:42am
Quoting TeChaoLiang
Hi, MaPi, To my understanding, I confirm what your requirements are in other words. The indicator condition is only opening the first order, the following orders of the cycle will be handled by pure grid logic. You are going to use indicator condition to initiate all buy and sell cycles. Not just to initiate the first buy or sell cycle. For BB I would love to have to options: 1) {C}High/Low: This means a candle must touch the BB or trade outside of the BB. The opening of the first order can be within the bands (e.g. because stochastic is not > 70...
Exactly Only the first order of each cycle is ruled by indicators

And yes, you got my Indicator logic right, only one thing: In High/Low mode you change the criteria of ture/false for BB. This is indipended from the use of otherindicators, so if you have enabled e.g. stochastic both criterias must match to open the first order.

Personal I do not need the invetred option, but some guys here would like to start the grid within a certain range, so I though this would be the easiest way.

Cheers
Green pips 2 all of us!
  • #400
  • Apr 19, 2021 2:44am Apr 19, 2021 2:44am
Quoting srt56
{quote} what about that sentence? {quote} also &now you intend many indicators fo you ea ... ?
Hi, I suggest you read post 1...Original code had no indis but I made it very clear this is the goal...cheers
Green pips 2 all of us!
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